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? or is this a chance to take advantage of lower asset prices just as the economy shifts into a higher gear? >> one point we think a lot of investors are missing, though, is that the fiscal drag to the economic growth scenario for the u.s. next year becomes far more favorable. >> let's get prospective from phil orlando. phil, as always, good to see you. question number one, is this bull market interrupted or bull market fatally wounded. >> we're just interrupted, tyler. there is no question the sell off was a reaction but the market is missing it. the federal reserve in our view is going to be making a data dependent decision. for them to pull it that's been aggressive for a number of years, they have to believe the economy is ready to grow at 3% or better and they wouldn't pull the accommodation if they felt the economy was weak. so that's a positive, not a negative. >> basically, it seems to me, phil, that what chairman bernanke said yesterday is what he's been saying for months. he did put more sharp points on it but what occurs to me is that the sentiment in the market has changed. a month ago
." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> suarez: the prospects for passage of immigration reform, by a big margin, appeared to brighten considerably today. supporters talked hopefully that they'd met demands for greatly expanded policing of the border with mexico. >> madame speaker, i rise to speak. >> suarez: two republicans went to the senate floor this afternoon to announce a potentially critical compromise on a key sticking point for many in the g.o.p. >> americans want immigration reform, of that there is no doubt. they want us to get it right and that means first and foremost securing the border. >> some people
mean for commerce and economy. >>> and now a backing off of a bid for sprint by dish, and they will concentrate on clearwire. >>> and also, a look at icahn stepping up dell bid. >>> and now the fed is wrapping up the two-day policy meeting this afternoon. investors hoping that fed will provide clarity about how and when the fed will wind down the bond buying program. make sure to watch the statement, and ben bernanke's news conference which is i perhaps more important, and it starts at 2:00 p.m., and one way or another, it is going to be nice to get something out of the way, wouldn't it? >> yes, i used to regard these events as big bad events when i worked at the hedge fund, because there could be relief even if he says the wrong thing and i'd love for him to address the 10-year, because it signals that the e kconomy is better, b it is not just weak. but if you address the 10-year, i'm in control and the bond vigilantes are not. i believe when this is over, we will come back and discuss -- i'm not kidding -- stocks. >> although, is it possible that the language that h
, but they are not focusing on the right thing which is growth, growth, growth. the european economy is in a six-quarter double dip recession. the u.s. is sub par. japan is trying to reignite, and i'm especially critical of european monetary policy which is way too tight. and speaking of monetary policy, our markets are more obsessed with it than ever. strong stock buys this afternoon, based on just one reporter from "the financial times" and his ill-advised, uninformed conjecture about what the fed would do, and then when that same reporter tweeted everybody that he really had no idea what he was talking about, well, stocks regained most of their losses. crazy story. an nsa leaker edward snowden points his finger straight at the big tech companies. they said they should resist the government's demand for user information. wrong. they should abide by all our laws, especially national security laws. all those stories and much more coming up on "the kudlow report" beginning right now. >>> let's start right away with cnbc's michelle caruso-cabrera. she is covering the g-8 summit. michelle, good eve
the reason the fed would taper. the reason the fed tapers is that the economy is markettedly better or marginally better. the fact is it's seen as a negative somehow. we got better than expected housing data today. that's not holding on to the gains. the narcotic association -- national association of home builders index, right hand of the screen, rose from 52 to 42 in may, the highest since 2006. today, the engines roar, kicking off the start of the paris air show, the show where the top airlines and all the big makers show us and show their wear. is shares of boeing like what they saw today. shares of boeing at a new high after a ceo had confidence in the brand new batteries they reinstalled in the dream liner, and it received an order for ten 787 10x. that's good news for boeing. nicole on the floor of the new york stock exchange, the spy case, and silicon valley opens the books to the government because the government asked for information. we'll get more on that story. and we have a cautionary tale of china being the spoiler on detroit's comeback. yes, detroit's auto world come
, given the fact that we are becoming energies efficient with fracking? our economy is growing, the dow is up today 161 points, can we ignore the world events and continue to go on with the kind of relationships we used to need? >> no. i think it is more important that america become a player. we still have so many other issues. as the world is getting smaller, america must exert their influence in ways that were unforeseen 20 or 30 years ago. we have to be engaged. if we take an internal role of we are not needed as we were, i think that we do it at our peril. lori: a lot of economists are very concerned about this currency war that is underway. you have countries at the g8 representing $7 trillion in global economic wealth. do you think that that topic will come up? how do you realistically have a discussion about a trade deal if you do not talk about what is really going on. >> there is no question about it. if we will have a trade agreement, it has to be free, it has to be fair, and it has to be equitable to all parties. if one party has an upper hand, it is honored as a breach. com
, putting money into the economy. that's is what is going to happen. and -- >> neil: when you say taper, so not 85 billion. >> 7 5. and cautiously say if things get worst we're back to buying again. i think that's is what the say. most economists agree on that. it's interesting -- this is my one, -- i think the fed, even if it tapers a little bit, the chances are the stock market will keep going up. i only say that people should be cautious about the future. here's one reason. wall street is trying to sell this there are notes from goldman sachs, larry fink, meredith whitney, a big bull. they're trying to sell this market. i only worry that when wall street says, listen, don't worry too much, keep buying stocks, as an average investor, play attention to it. and i can give you an interesting bullish scenario. the fed does taper, the economy is getting better, markets start reflecting the economy, corporate profits, earnings are strong, and low inflation and guess whatting are as they taper, the pop the bubble in the bond market. there's a bubble in the bond market. particularly the more ri
about the underlying economy. >> it's the economico outlook. >> you don't think he'll use the word? >> i don't think he'll use the letter. >> people will ask questions. >> but as long as -- as long as it doesn't start with a t. if there is a t in the world somewhere, he may use it. >> we could have a drinking game. first question has to be about tapering. will use the word taper. >> either tape ever or your ter. >> i was at a party with a drinking game, but it was with lemonade. makes no sense. they're practicing for the day when -- legmonade, you'll just get sick. >> that's okay. learn a lesson. >> i know. >> let's take a look at europe. again, futures are indicated higher and that may be because the expectation is that the fed will in fact slightly lower their economic outlook. if that he another case, you would expect they would not be pulling qe anytime soon. but right now the market is barely bunching in europe. in asia, you can see the nikkei was up about 1.8%. so volatility continues there. hang seng down by just over 1%. oil prices right now are indicated up about 50 cents. wti i
, dana, you would think maybe he would talk about the global economy because, you know, germany's still very much struggling with its economy. it's so much tied to the united states. why not talk about that? >> well, it's hard to imagine it's not going to be at a least implicit in his speech. but one of the things that people may not know about president obama is that when he was here in the capital, when he was senator obama, that issue, the nuclear issue, was something on the top of his priority list. in fact, when he was campaigning in 2008 and making the point when he got to the general election that he could work across the aisle with republicans. one of the examples he could give is working with former indiana republican on the nuclear issue. that they even traveled together on it. this is actually something, he wasn't here very long as a senator. he didn't even finish his first term, but this is something when he was here briefly he did focus on. the other quick thing i want to point out, gloria talking about the big crowd of 2008 and the much smaller crowd here now that he's pre
firm in the economy and therefore we can afford to get off of this morphine drip that has been the $85 billion bond buying program every single month. >> i think you hit the nail on the head which is why we have seen so much volatility in the markets because i am saying that glass had -- glass half full of the glass half full? and i agree with you in the sense. look at it as good news and bad news. eventually people will look at that and say, wait a second. this is positive. time for the patient to come off a life-support and see if they can read by themselves. if you read the tape today i agree with doreen in the sense that it is on very light volume, but i find it quite encouraging that the market held on to the 20 day moving average ahead of the fed after showing the witness that we saw yesterday afternoon. liz: and we have on the screen the leaders of all different types of names. really more leaders that laggers pushing this market higher, and then we get to a very interesting move for crude oil. today when you look and see that we are now well above $98 per barrel, you have to fi
shifted our economy and our society. i want to bring in one of the leading thinkers on economic policy and i want to know if president obama has changed america for years to come. joining us to arthur brooks, the president of the american enterprrse institute. what do you say, arthur, has he changed it now and for good for a long time to come? >> well, yeah. hi, stuart. it's hard to argue that things haven't changed in the united states. the truth of the matter is we have been looking for a long time to scale up the size and scope of governments and obama has simply taken and escalated these particular trends. growth of government is something that's been going on for two decades and you've been in the united states for a long time and you've seen it and i know you've seen it to your dismay, but it's kind of a bipartisan deal at this point. you can't say it's democrats or republicans. the truth of the matter is the amount of government in dollars per capita has increased more under republican administrations than under democratic administrations over the past two decades. i would call
the economy. today rouhani signaled a new more open approach. "we are ready to show more transparency to the world" he said. rouhani is 64 years old, a cleric with a law degree from scotland. he's also known as a bridge builder who was once iran's chief nuclear negotiator. in 2003, he put that program on pause to pave the way for talks with the west. sir richard dalton, back then britain's ambassador to iran, said rouhani could steer the way to talks again. >> provided by the united states and its negotiating partners come forward a little way to meet iran it should be possible to get a first stage confidence building agreement on the nuclear question. >> reporter: asked specifically today about iran's relations with the united states, rouhani said "there's an old wound between the two countries that needs to be healed." jubilant iranians spilled into the streets to celebrate rouhani's win. although they won't know for some time just how much of a reformer he turns out to be. >> pelley: elizabeth palmer is joining us from our london bureau. elizabeth, if this is reform, why is it happ
over. in today's cover story....how the fed decision will effect the economy short and long term. plus.... why one analyst says its a buyers market for muncipal bonds. and....bill buster.... why you may be wasting hundreds of dollars on your cell phone bills. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas good morning!it's thursday, june 20th. im angela miles. in today's first look: the market's taper caper. stocks fell dramatically yesterday on word from the chairman -- the federal reserve may taper its bond buying program by the end of the year. the dow fell more than 200 points, the nasdaq deopped 39 and the s&p 23... as traders yanked money out of the stock market. gold and oil also sold off. in irs updates, fbi agentsare said to be to working on a criminal probe into scrutiny of conservative groups. while an irs employee contends the targeting did not originate from the white house. and dunkin' donuts reportedly goes gluten free with some its doughnuts and muffins.dunkin makes the move ahead of rivals mcdonal
within the economy. you point out that highs in his -- house is a primary beneficiary. the fed is as responsible for managing as they are for anything else. to the extent that they're looking to manage the bubble that has formed, whether it be equities, the form of stocks, housing, absolutely. this is part and parcel with the context for the fed is basically saying at some point we're going to have to pull the punch bowl away from the party. it looks like sooner than later, and this speaks to that. ashley: from an investor's point of view given the volatility in stopping this, you expected will continue through the summer, what can you do as an investor to play in this environment? >> in this type of environment you want to manage risk. that is the first quarter of the day. you want exposure. and if you have the decisions that you feel compelled and meet your objectives, you can hold on to them and hopefully there are dividend payers and certainly they have a very consistent track record in terms of equity performance and driving revenue top and bottom line growth. expose yours
the detention facility at guantanamo bay, cuba. the latest data on the u.s. economy left something to be desired today. factory output barely rose in may, and consumer sentiment fell in june. wall street reacted with a friday sell-off. the dow jones industrial average lost nearly 106 points to close at 15,70. the nasdaq fell nearly 22 points to close at 3,423. for the week, both the dow and the nasdaq lost more than 1%. those are some of the day's major stories. now, back to judy. >> woodruff: today the city of detroit, and its creditors, were presented with a series of painful options. retired city workers were warned of significant cuts in pensions and health insurance and creditors were told the city won't be able to pay them back. the day started with an announcement that the government already defaulted on some debt. it got worse from there. ray suarez has the story. >> make the banks pay. >> suarez: a handful of protesters picketed outside the westin hotel this morning, while inside, detroit's emergency manager kevyn orr laid out a last-ditch plan to 150 creditors to accept pennies on the
and stay here legally and bringing relief to the struggling economy. >> this will help the middle-class grow our economy and shrink our deficits and making sure every one pays taxes like everyone else. >> senators introducing a proposal to bolster security. border surge includes 700 miles of fencing with the addition of tens of thousands border agents and enforces a nationwide e- verify system and needs to be in place before illegal immigrants can apply for green cards. there is no indication whether it will fly before the july 4th recess. >> the current bill is a mess. it is repeating the same failed pattern we saw in 1986. >> instead of throw million we are dealing with len million. and congress is saying the same deal, legalization first and then promising maybe some day in the future the border will be secowered. >> senate leaders have a test on monday. and bring it close to cent votes, that's the target number they say will pressure the republican house to act as well. harris, back to you. >> elizabeth, thank you. >> we are on sarah watch. the family of a little girl who had
been down. overall it has been down, they are cost-cutting it will help the bottom line, economy showing some life. if you have been on a plane they are jam-packed. neil: how can that be pleasant? jared, i know you don't know what commercial flying is, but how can it be pleasant? >> i am just not, i am a new pilot. i fly privately. neil: listen to you. >> no, no, i wish i could live the life captain of a major airline 30 years ago. you get on a plane now, it is like a cattle ride, we have gotten okay with that, but i don't think that buying an airline is a good investment, they are bound by the price of oil, they are cutting costs yes, they are making planes more fuel efficient, but again this is predicattd on oil, and communication that changes. neil: but, do you buy that people are happier with this experience, i do not. >> no. neil: i think they are interviewing zombies. >> the plane is full. neil: you could have a blaine full of zombies. >> no matter what you carry, buy the stock, demand it there. >> okay. >> housing starts? you have who to wonder -- you have to wonder with l
. and then tomorrow, fed chief ben bernanke will talk about the economy. investors are hoping he'll clarify what he said last month about the fed possibly dialing back it's bond buying program. >>> ahead of that federal reserve meeting, tokyo's nikkei lost a quarter percent while hong kong's hang seng was mostly flat. >>> on monday, investors guessed the central bank will prop up the economy. so the markets went up. the dow climbed 109 points, while the nasdaq rose 28 points. >>> standard & poor's lowered ford motors stock from buy to hold. the market index claimed ford's losses in europe which are expected to reach $2 billion this year. but s&p did say pickup sales in the u.s. should help the automakers see strong profits. >>> a big coup for netflix. starting next year, they'll be joining forces with dreamworks. the agreement is said to include 300 hours of new tv episodes. financial details have not been released but it's expected to be worth several hundred million dollars. the deal will help netflix compete with premium channels like hbo and showtime. >>> and homemade never looked so good. many
in the eurozone and the economy. they'll discuss the trade negotiations associated with the potential transalantic trade investment partnership. they'll discuss the situation in afghanistan where germany remains a stalwart ally and continues to contribute to the mission there as well as, again, how nato can provide support beyond 2014. i don't anticipate they'll discuss syria, iran, and the middle east peace as issues we regularly consult closely with the german zone. following the bilateral meeting, a press conference. then a private lunch together at the chancellory. following that, the president will give remarks at the brandenburg gate. it comes on the 50th anniversary of president kennedy's speech at the height of the cold war when west berlin was under considerable siege. given the progress made in germany and the fall of the berlin wall, it's a true symbol of the partnership that we forged together. i expect the president would hit on broad themes in that speech associated with the shared history of the transalantic alliance, how far we've come together in germany and the other allies but t
trade and economy. but because some of these countries disagree how to handle the blood shed in syria, that situation is expected to be a top priority. sadly puten is very outspoken -- vladimir puten is very outspoken about president obama's plan. the two are expected to talk privately. a new cnn poll shows that president obama's approval rating has taken a dive. last month, 58% supported president obama. now just 45% of the job he's doing. that's an 18-month low. we'll take a closer look at president obama's schedule for the remainder of the g8 summit when i see you next. kyla campbell, ktvu channel 2 news. >>> david cameron is among those attending the summit. this morning he refused to comment hon a hacking scandal -- on a hackle scandal involving the government. the newspaper there reported that britain's spy agency hacked into e-mails. >>> this morning, the white house is also defending the nsa's secret surveillance program of phone and internet records. white house chief of staff denis mcdonough says the program is constitutional and carefully monitored. he also says the u.s. go
, are very focused on trying to restore the faith in government, as well as their faith in the economy. >> canter said he believes the recent hearings on capitol hill, many launched by his fellow republicans, will not only help gain clarity on controversies but prevent similar controversies in the future. >>> big dad of big business and big government. according to apple, federal, state and local authorities made between 4,000 and 5,000 data requests about apple users in the last seven months alone. anchor of "your money."is the so, do we know how many of these were related to national security? >> no, we don't know exactly how many were related to national security. what companies say is they can only tell us all federal, state and local law enforcement is 4,000 to 5,000 requests covering accounts or devices. but what we do know, apple says most of these are related to typical police work. what do we mean by that? missing persons and looking for someone with alzheimer's and trying to prevent a suicide and mreesz crime investigations like cyberstalking and the like. that i what most o
and as economy check out this plane and this is flight 116 having touched down. the plane originating from on hong kong and they will be talking to a lot of people. the passenger to made the threat may be emotionally unstable. >>> back here at home. morgan hill police have a person in custody after discovering a naked body of a woman. he was charged with one count of murder and one count of domestic violence. he was in a romantic relationship with the victim. they lived together on monterey road. >> pacifica police need your help trying to abduct a 10-year-old girl. he tried to grab but punched him and got away. man was last seen running away on sanity rose avenue. here is a police sketch. white man, 30-40 years old. about fiex six feet with stocky build and wearing a red checkered shirt and blue jeans. >> walnut police are investigating after a man was attacked inside his home overnight. it happened on jones road. the man was taken to the hospital. he is expected to be okay. the attack does not appear to be random. they are trying to find who attacked this man. >>> happening now alameda t
will today off family-friendly choices off a new website. >>> the british economy is about to get ads 400 billion boost thanks to none other that will and kate's special delivery. royal baby sleepwear, booties and much more will be big business for the royal family and for retailers. >>> check out this $3,000 wart melon. these black skin melon grow only on japan's northern island heikedo. >>> you might consider investing in this letter written by george washington about the u.s. constitution. it's being auctioned off by christie's. >>> a radio host fired for going over the line. allen i'veson accused of abdu abducting his five children. >>> well, it's time for sports. for all the latest headlines, we're joined by betty. >> good morning, mara. in sports, in game three of the stanley cup final, bruins daniel paille rips a shot past crawford for a 1-0 lead. three minutes later, bergeron makes a power play goal. the bruins take the game and now have a 2-1 lead. >>> allen iverson's ex-wife has filed paperwork saying iverson has abducted the five children. but the former nba star allegedly neve
: ironically an improving economy is to blame. >> unemployment is down. the stock market is doing really well. median home prices are up. people are feeling better. they're out there buying again. so the economy does well, you will see a rising rate environment. at 3.5% on a $250,000 home with 20% down, you pay about $898. the same 30-year fixed mortgage will coáu you 954 bucks at 4%. that's $56 more a month or $672 a year. down payment, credit score and d8income determine the rate youl pay. >> borrowers that are getting the best rate are putting 20% to 25% down. they have income that is documentable. so they're providing w-2s and federal tax returns. and they have an excellent r credit score. something over 700 or 720. >> reporter: a quick closing at a time also helps. >> you get your best rate from a lender if you lock in for 30 days. standard to lock in for 60 days. the longer you go out, the more expensive it will be. >> reporter: ask your lender about a float down provision so your rate could be adjusted lower if rates do slip again. if you're still looking for the right house, make sur
topic at the g8 summit. the meeting is supposed focus on the global economy but a number of big international issues will be on the table. >> protestors demanding action placed white tom stones in belfast. >> we need g8 leaders to get behind a political solution to the crisis. i'm not for more weapons that. will only add fuel to the fire. >> president obama and russian president vladimir putin sat down to discuss the can crisis in syria at their first face-to-face meeting this year. >> we share an interest in reducing the violence. >> president obama signed off on u.s. military support for the rebels fighting to over throw the syrian president. putin is on the other side of the 2-year-old civil war, backing asad. >> complicating relations between russia and the white house are new disclosures from nsa leaker edward snowden that the u.s. intercepted russian communications during a previous summit. >> talk of spying and syria over shadowed news about what could be the world's largest trade deal. >> i'm pleased to join these leaders to announce the launch of negotiations on a new t
says if the reform bill passes, it would boost the economy and cut the federal deficit by $200 billion in the next decade. but now there are fears it may not happen at all. our political director john dickerson is in washington. john, good morning. >> reporter: morning, charlie. >> so what's the impact of this cbo report? >> reporter: well, i think for those who are pushing comprehensive immigration reform, it's a second big argument for them. they've been making the moral case that the immigration system has to be fixtured. now they can make an economic case that it's actually good for the economy. and critics, though, of this have seen a kind of push to get this bill rammed through. and so a lot of conservatives think that cbo is kind of tweaking the numbers here. they don't believe this will be good for the economy at all. >> john, what does it portend for the future of the immigration bill in the house when a key committee just passed a bill that would make it a federal crime to be in the united states illegally? >> reporter: the central tension to watch in this bill is between get
in history and perhaps the chairman that saved the economy from the second grade depression. like him? >> i think that there are other candidates out there that are very give to obama. one of the least popular candidate's co-op one which could be a very effective chairman to engineer a monetary turn would actually be larry summers. he has the intellectual credentials. he has the experience. he would be a good choice. i think a close runner-up would be someone that obama will look very favorable oo. lori: lots to keep our eye on tomorrow. you set us up beautifully. ashley: fed watch hitting the commodity markets today. phil flynn is in the pits of the cma. some may even argue that the physical demand is drying up a little bit because they are waiting to see what the fed says. it is not just the pressures battles. take a look at platinum. that, of course, is a major driver for demand of platinum. of course, copper is down big as well. there is also talk about the end of a line straight. bring on the fed. ashley: the play on gold -- >> i agreed with that. i think that the trade is very very ne
in the economy. jetblue and southwest airlines are the top ranked by passengers in the latest performance survey. still, the airline industry as a whole ranks near the bottom of the service sector beating only fees for television and internet companies. needless to say this guy doesn't work for either of these airlines. more than a million people have viewed this of a guy chucking packages onto a conveyor belt. as you can see, he doesn't have very good aim. and now crime time. >> hey. >> the 38-year search for jimmy hoffa's body is one of america's great mysteries and this field in a michigan suburb might finally solve it. or maybe not. acting on a reliable tip from the son of a detroit mob boss and self proclaimed friend of hoffa, authorities are once again digging for the infamous remains. so far no body has been uncovered but there's evidence of cement. that would be significant because the source says hoffa was buried alive and covered over with cement. and best friend turned snitch. the friend of whitey bulger and former hitman john known as the executioner testified in the high-profile tri
. the water levels hitting historic low levels and drying up a big part of the american economy. >>> and later, the healing power of a familiar face from home. pets now allowed, even encouraged at a growing number of hospitals. >>> the great lakes contain one fifth of the fresh water supply in the surface of the earth. that may seem like a great deal of it, these days it's not enough for the level of commerce that those five truly great lakes have supported for so long. the problem is the water levels. the lakes are currently low and getting lower. our report on the impact tonight from our chief environmental correspondent anne thompson. >> reporter: the cargo ship "mesabi miner" rides high as it docks on lake erie. and that's not good. >> she left 8,000 tons of iron ore in minnesota, that's basically a day's work for an iron ore mine. >> reporter: iron ore destined to be steel in cars and refrigerators. but the mesabi miner can't carry a full load because once again water levels in the great lakes are too low. >> it's reducing our revenue. we carry less tons, we get paid by the ton. we don't
as part of a broader strategy for both of our economies that was to pour hundreds of thousands of jobs on both sides of the ocean. >> he also met with russian president vladimir putin tried to talk him down from his support of the syrian government. they both agreed they have a difference of opinion on the issue. >> new england patriots owner says vladimir putin stole his 2005 s super bowl ring. he gave him the ring in a visit. a few days after the passing of the ring there was confusion as to whether the ring was a gift or whether it it was stolen.kraft claims it was a gift. >> we have all kinds of changes in the 7 day forecast. a slight chance of a storm tomorrow 77 degrees on wednesday 85 on a thursday at " make it up to 90 degrees on saturday. showers and thunderstorms also possible for saturday night and sunday. mostly cloudy on monday with a high of 89 degrees. >> miss utah had this deer in headlights moment when she was asked about male and female income disparities. >> we're continuing to try to strive to ... figure out how to create jobs right now i think men are seen as the l
. >> and, by the way, economy, an economy that's -- >> and the economy. >> all right, we'll wait and see on that one. it's not quite back yet. >> just ahead, was celebrity tv chef nigella lawson publicly choked by her husband? and why some families worry about the bread their eating and why wheat farmers are worried about losing money. it's monday, a brand new start. with centurylink visionary cloud infrastructure, and custom communications solutions, your business is more reliable, secure, and agile. we know it's your videoconference of the day. hi! hi, buddy! that's why the free wifi and hot breakfast are something to smile about. book a great getaway now and feel the hamptonality >>> questions are swirling about the marriage of celebrity chef nigella lawson after pictures surfaced of her husband with his hand around her neck at a restaurant. her husband is denying any claims he attacked her. cnn's international correspondent matthew chance is in london with the latest. matthew, these pictures just look awful. >> they do. they really illustrate as well, jim, the idea that if you're a c
and the public relations nightmare for turkey has really hurt the economy here. it's called in a lot of questions in terms of the u.s./turkey relationship. president obama is trying to support turkey and say the people have the right to protest, the right to be heard. a time of people are young professionals who say you can't live without facing the threats of tear bull he ises and gas. >> thank you for that, leland. >>> new questions in the investigation into the irs's targeting of conservatives. as brand new fox news poll shows, a vast majority of americans believe the agency's actions were intentional and initiated by high level officials. this coming amid growing new calls for either a major overhaul or possible restructuring of the agency. florida congressman john mica is a republican and a member of the house oversight and government reform committee. thank you for joining us. >> good to be with you. >> so this poll asked people, if theyty the irs targeting of conservatives was a mistake or intentional. 66% say they believe it was intentional. and from a separate question, 40% say they beli
had to say. >> he said the economy is getting better, that means the fed will stop all the stimulus. not right now but eventually. dow futures down 80 points, big sell-off yesterday, the dow, nasdaq, s&p all swooning by more than 1%. the dow was down 206 points. fed reserve chairman ben bernanke said the fed was prepared to "taper" its purchases of bonds as the economy improves. he signaled the stimulus program could end by next year, that could raise your borrowing costs, you would feel it. >>> a stunning turnaround for general motors for the first time j.d. power and associates says gm is the car company with the best quality. all four gm brands were ranked above the industry average. gm filed for bankruptcy back in 2009 so this is a milestone for general motors. >>> a faster version of wifi is on the way t will allow to you transfer, imagine this, a high definition movie to a tablet in less than four minutes. the samsung galaxy s4 and routers from cisco will be among the first to use this new high speed wifi. apple says its future products will use the faster network, full movie,
ireland today. the official discussion at the g-8 is supposed to center around europe's ailing economy but there's another topic. here is susan mcginnis reporting for wjz. >> president obama left air force 1 holding his daughter's hand. for the next two days he will meet with world leaders in northern ireland. >> beyond these shores in scattered corners of the world there are people living in conflict. you're their blueprint to follow. you're their proof of what is possible. >> the syrian civil war is expected to dominate the talks. russia's president vladimir putin said president obama's plan would hurt the chances for peace in syria. >> are these the people you want to support? are they the ones you want to supply with weapons? >> president obama and president putin are scheduled to hold private talks this afternoon. the conversation comes after a new report reveals the u.s. and the uk spied on us sha and others at another summit. >> the british newspaper the guardian says former nsa contractor edward snowden has provided classified documents which show the u.s. and uk spied on diplo
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not really so much just for the party but potentially for the health of the country and the economy. so that's where you would put your effort. the bottom line on this, though, i think, ultimately for republicans is where is the incentive? life is not very complicated. no matter what your job is, you have to get something done. for these house republicans there's very little incentive to vote for something. to van's point they're going to get primaried. almost all of them do. the average republican district right now is 75% light. there are nine republicans in the house who represent a majority/minority district. even those who sit in heavy districts have a significant latino population, they're also very republican districts. you have to -- the speaker has to find a way to get those folks to vote against their most immediate incentive, which is to be re-elected. >> fortunately we have republicans who look past their district boundaries and look past it and hopefully there's enough of those. i'm an optimist. >> coming up on "the lead," a new tip for a search in a field for jimmy hoffa's body
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